Stocks Flat Ahead of Fed Data Amid Iran Tensions

U.S. stock futures were little changed on Wednesday as investors remained cautious ahead of key U.S. economic data and the Federal Reserve's Beige Book.

The cautious tone follows a weak session on Wall Street, where the major indexes fell by up to 1% in a sluggish start to September.

Investors are being pulled in two directions: expectations for higher interest rates are weighing on stock valuations, while renewed tensions in the Middle East keep oil prices and inflation risks elevated.

The U.S. carried out another round of strikes against Iran's Islamic Revolutionary Guard Corps, marking Washington's second attack on Iran this week.